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You are here: Home / Economy / Economic Confidence Is Plummeting

Economic Confidence Is Plummeting

May 22, 2026 at 8:25 am EDT By Taegan Goddard Leave a Comment

Washington Post: “Americans’ confidence in the economy has hit a nearly four-year low, according to a new poll, underscoring a growing problem for Republicans ahead of the midterm elections as President Donald Trump struggles to deliver on his campaign pledge to make life more affordable.”

“Just 16 percent of U.S. adults rate the economy ‘excellent’ or ‘good,’ according to the Gallup poll, which was released Friday. An additional 34 percent rate the economy as ‘only fair,’ while 49 percent say it is ‘poor.'”

“Economic confidence has declined steadily in recent months among Americans across the political spectrum, as the war in Iran drives a sharp increase in inflation and gas prices. Three out of four Americans say economic conditions are getting worse.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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